Financial News: UK Inflation Moderates In December

UK Inflation Moderates In December

01/15/2025 - 02:40:00 (RTTNews)

(RTTNews) - UK consumer price inflation moderated unexpectedly in December, the Office for National Statistics said on Wednesday.

The consumer price index registered an annual increase of 2.5 percent in December, weaker than the 2.6 percent rise in November. The rate was seen unchanged at 2.6 percent.

Month-on-month, the CPI climbed 0.3 percent, following a 0.1 percent rise in November. Prices were expected to gain 0.4 percent.

Excluding energy, food, alcohol, and tobacco, core inflation weakened to 3.2 percent in December from 3.5 percent in November. Core inflation was below economists' forecast of 3.4 percent.

Goods inflation rose to 0.7 percent from 0.4 percent, while services annual rate fell to 4.4 percent from 5.0 percent.

Another data from ONS showed that input prices fell for the fifth straight month in December. Input prices dropped 1.5 percent annually after a 2.1 percent drop.

Meanwhile, factory gate prices rose 0.1 percent after falling for three consecutive months. Prices were down 0.5 percent in November.

On a monthly basis, input prices edged up 0.1 percent compared to flat growth in November. Likewise, output prices gained 0.1 percent after November's 0.4 percent gain.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Malta HICP Inflation Remains Stable At 1.8% (37 min(s), 04 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation held steady at the start of the year after easing ...Full Story»

Latvian Jobless Rate Rises In Q4 (01 hr(s), 08 min(s), 04 sec(s) ago)
(RTTNews) - Latvia's unemployment rate increased slightly in the final quarter of 2024 after f ...Full Story»

Poland Retail Sales Expand Most In 8 Months (02 hr(s), 20 min(s), 04 sec(s) ago)
(RTTNews) - Poland's retail sales growth accelerated to the highest level in eight months in J ...Full Story»

Croatia Inflation Climbs To 10-Month High (03 hr(s), 07 min(s), 04 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation accelerated further in January to the highest l ...Full Story»

German Business Confidence Remains Unchanged (03 hr(s), 32 min(s), 04 sec(s) ago)
(RTTNews) - German business morale remained unchanged in February as companies were less satisfied ...Full Story»

Eurozone Inflation Rises As Estimated To 2.5% (04 hr(s), 21 min(s), 04 sec(s) ago)
(RTTNews) - Eurozone inflation rose slightly in January, as initially estimated, driven by higher ...Full Story»

Fitch Downgrades Bahrain's Sovereign Rating Outlook (04 hr(s), 34 min(s), 04 sec(s) ago)
(RTTNews) - Fitch Ratings lowered the outlook on Bahrain's sovereign ratings to 'negative& ...Full Story»

Austria Inflation Rises Less Than Estimated (05 hr(s), 43 min(s), 04 sec(s) ago)
(RTTNews) - Austria's consumer price inflation accelerated slightly less than initially estima ...Full Story»